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To: H James Morris who wrote (79409)	10/3/1999 12:46:00 AM
From: John Chen	Respond to of 164684

HJM,:More Y2K headline. Quoting from unknown but reliable source, a group of investors is willing to offer generous buyout offer of AMZN. Offer is: 10time Walmart'PE for the projected next 5 years earning: (you got to kidding, 5 years, good luck). Anyway, a round no. would be PE=500. Here is the offer: (Investor will assume the 'Debt' or whatever it will be called in the 'new metrics') (500* -0.94+ 500-0.8 + 5000.01 + 500.05 + 500.25)/5.= - $143.00. Please check the math. Assumptions: 500% earning growth rate after achieving 'EARNING' or whatever it is called in 'new metrics'.

To: H James Morris who wrote (79409)	10/3/1999 12:56:00 AM
From: dbblg	Read Replies (2) \| Respond to of 164684

Hi HJM, While I'm not a huge Blodget fan, I don't think anything he said in the speech (as reported) or in the subsequent L.A. Times interview represents a change of position for him. I think an inet shakeout will benefit the leaders, assuming the management teams play their cards well. We could enter a period like 96-early 99 in networking, when hardly anything came public and startups either caught an established player's eye or bled out.